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    1021 CRESCENT STREET Sarasota, FL 34242

    View on Map
    For Sale
    $1,745,000

    Multi-Family 5+ - SARASOTA, FL

    Property size:
    2,780 SF
    Lot size:
    0.69 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 1021 CRESCENT STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RMF1
    Bedrooms
    3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Driveway, Garage, Garage - Attached, Golf Cart, Off Street, Oversized, Underground/Basement
    Security features
    Fire Alarm, Security System, Smoke Detector(s)
    Pets allowed
    Cats OK, Dogs OK
    Interior features
    Accessibility Features, Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-in Closet(s), Window Treatments
    Exterior features
    Level, Paved, Balcony, Garden, Lighting, Outdoor Grill, Outdoor Kitchen, Private Entrance, Sliding Doors
    Accessibility
    Accessible Elevator Installed
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    0108176001
    Size
    2,780 SF
    Lot size
    0.69 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    17389

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2015
    Number of units
    1
    Building materials
    Block, Concrete, Stucco
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Outdoor Kitchen

    We can help!

    Listing Contact
    Zain Hartman
    Zain Hartman

    Listing agent Zain Hartman License #3410066

    Listing office HARTMAN REAL ESTATE & COMPANY 1919 Baywood Dr Unit A, Sarasota, FL

    Listing date Feb 9, 2026

    MLS# A4681826 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Siesta Key Condo with Income

    Located in a boutique enclave of five residences, this coastal contemporary condo offers a blend of luxury, privacy, and convenience with direct access to Siesta Key Beach and Crescent Beach. The property is zoned for short-term, weekly rentals and has a strong rental history, offering the potential to earn over $150,000 in investment income. The unit encompasses the entire floor and shares no walls with other units. It features five private patios, a built-in outdoor grill, tall ceilings and windows, and plantation shutters throughout. The light-filled layout offers an open flow between living, dining, and kitchen spaces, accented by custom cabinetry and upscale finishes. The spacious primary suite provides a private retreat, and the entire home is thoughtfully designed on one level for effortless living. A private elevator offers direct access from an oversized ground-level garage, which accommodates three vehicles plus storage, along with a private driveway for guest parking. Shared amenities include a serene pool, private owner's clubhouse, and common area used by only five residences. The property is within walkable access to beachside boutiques, island restaurants, and boat rentals, with quick and easy access on and off the island. The lot size is 0.69 acres and the property size is 2780 square feet. The property is located in SARASOTA, FL 34242.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Accounting Firm Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.533125
    Latitude
    27.24653

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    FAQs

    What type of property is this?
    Short term rental property - Luxury condo with rental potential near Siesta Key Beach.
    Where is this short term rental property located?
    The property is located at 1021 CRESCENT STREET Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,745,000.
    What are key features of this property?
    This property features: Potential for $150k+ gross income with weekly rental zoning and strong rental history; Direct access to Siesta Key Beach and Crescent Beach; Exclusive boutique enclave of only five residences; feels like a single‑family home with no shared walls
    (941) 735-6415
    We can help!
    Listing Contact
    Zain Hartman
    Zain Hartman
    Real Estate License ID: 3410066
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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